125 Annual Report 2025 NOTES TO THE FINANCIAL STATEMENTS 30 JUNE 2025 (CONT’D) 35. FINANCIAL INSTRUMENTS (CONT’D) (d) Fair value of financial instruments (cont’d) The table below analyses financial instruments carried at fair value, together with their fair values and carrying amounts shown in the statements of financial position. (cont’d) Fair value of financial instruments carried at fair value Total fair value Carrying amount Level 1 Level 2 Level 3 RM RM RM RM RM Group 2024 Financial assets Quoted shares 12,322,500 - - 12,322,500 12,322,500 Unquoted shares - - 14,158,500 14,158,500 14,158,500 Short-term funds 3,521,799 - - 3,521,799 3,521,799 15,844,299 - 14,158,500 30,002,799 30,002,799 Company 2025 Financial assets Quoted shares 7,672,500 - - 7,672,500 7,672,500 Short-term funds 531,882 - - 531,882 531,882 8,204,382 - - 8,204,382 8,204,382 2024 Financial assets Quoted shares 12,322,500 - - 12,322,500 12,322,500 Short-term funds 3,521,799 - - 3,521,799 3,521,799 15,844,299 - - 15,844,299 15,844,299 (i) Policy on transfer between levels The fair value of an asset to be transferred between levels is determined as of the date of the event or change in circumstances that caused the transfer. There were no transfer between levels during current and previous the financial years. (ii) Level 1 fair value Level 1 fair value is derived from quoted prices (unadjusted) in active markets for identical assets or liabilities. (iii) Level 2 fair value Level 2 fair value is estimated using inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e. as prices) or indirectly (i.e. derived from prices). (iv) Level 3 fair value Level 3 fair value for the financial assets and liabilities are estimated using unobservable inputs.
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